Fundraising Fox

Cylera

New York, US · Founded 2017 · 38 employees on LinkedIn · 8 known investors

Cylera provides a healthcare cybersecurity platform focused on connected medical devices, IoT, and IT assets, giving hospitals and health systems visibility, risk assessment, and threat detection across their environments.

Also known as Cylera, Inc.

Founders & leadership

Cylera was founded in 2017 by Timur Ozekcin and Sean Abraham.

TO
Timur OzekcininCo-founder
SASean Abraham
Sean AbrahaminCo-founder
AB
Apostolos BakoyiannisNamed on SEC filing
OW
Owen WilsonNamed on SEC filing

Investors · 8

Reported raises · per SEC filings

Form D private placements

$1.2M disclosed across 1 of 2 rounds · 2017–2021

$1.2MraisedJul 2017 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Apostolos BakoyiannisExecutive Officer
  • Timur OzekcinExecutive Officer, Director
  • Owen WilsonDirector
  • Sean AbrahamExecutive Officer, Director
Offering amount
$1.2M
Amount sold
$1.2M
First sale
Jul 2017
Incorporated
Corporation, Delaware, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Cylera is a healthcare-focused cybersecurity company that provides a platform for IoT asset intelligence and security. The platform discovers and inventories connected devices in real time, monitors them for vulnerabilities and active threats, prioritizes alerts and risk, supports remediation workflows, and produces reporting and evidence used in audits and compliance processes. Scope covers connected medical devices used for diagnosis, monitoring and treatment as well as general IoT equipment found in hospitals such as smart TVs, security cameras and uninterruptible power supplies [0][1][3].

The company describes its offering as unified cybersecurity for asset management, risk analysis and threat detection across the connected environment, built on patented technology and purpose-built for complex, high-impact environments by combining contextual awareness with an understanding of operational workflows [4][5]. Cylera positions the product around outcomes including improved asset discovery and risk-score accuracy, reduced alert and mitigation workload, faster audit preparation, and cost savings redirected to care delivery [0][1].

Founded in 2017 and headquartered in New York, Cylera develops in the United States and operates regional offices across the US and the UK; co-founders Timur Ozekcin (CEO), Sean Abraham (Chief Business Officer) and Paul Bakoyiannis (CTO) lead the company alongside a leadership team that includes a chief security strategist, engineering and sales leadership, and general managers for the UK & Ireland and for Oman and the GCC [2][6].

Founding story

Cylera was started in 2017 by co-founders Timur Ozekcin, Sean Abraham and Paul Bakoyiannis to address cybersecurity risks arising from the growth of healthcare IoT and connected medical devices [2][6]. Before founding Cylera, Ozekcin co-founded medical device and technology start-up Heuristics Health and worked for a non-profit consortium funded by the Department of Homeland Security focused on the safety and security of medical devices in healthcare organizations [6].

Business model

Cylera licenses its IoT asset intelligence and cybersecurity platform to healthcare delivery organizations, emphasizing rapid time to value and long-lasting, outcome-based customer relationships [0][1].

Traction

Reported customers include St. Luke's University Health Network, Mt. San Rafael Hospital, Dartford and Gravesham NHS Trust, and University Hospitals of Morecambe Bay NHS Trust [0][1]. As of September 2023, Cylera was reported to serve over 125 hospitals worldwide with deployments in more than 25 NHS Trusts in England and Wales, a 100% client renewal rate, roughly tripled UK/global customer headcount over the prior 12 months, 30% global team growth over the same period, and approximately 300% year-on-year global revenue growth since 2021 [6].

Latest developments

Cylera publishes guidance on the HIPAA Security Rule overhaul and on helping NHS Trusts comply with the CAF-aligned DSPT, and promotes a SPARK Matrix analyst report on connected medical device security solutions [0][1].

Full profile — market position, technology, go-to-market, geography, history

Market position

Cylera competes in the connected medical device and healthcare IoT security segment. It is listed as an American Hospital Association Preferred Cybersecurity Service Provider and cites recognition including Quadrant Knowledge Solutions' 2023 Connected Medical Device Security Solution market leader designation and a SPARK Matrix report on connected medical device security [0][2]. An investor in its Series A described the company as well positioned as a market leader in the healthcare IoT sector [4].

Cylera emphasizes agentless deployment, breadth of coverage across both connected medical devices and general hospital IoT, machine learning-driven alert reduction and risk scoring, and healthcare-specific capabilities such as an NHS Cyber Alert dashboard and compliance support for regimes including the HIPAA Security Rule and the CAF-aligned DSPT [0][1][6].

Technology

An agentless platform for IoT and connected medical device (IoMT) cybersecurity and intelligence that performs continuous device discovery and profiling, monitors communications for anomalous behavior and exposures, and applies machine learning for alert reduction and risk scoring to prioritize response [0][1][6]. The company reports patented technology spanning asset management, risk analysis and threat detection [5]. Product work includes a Command Platform user interface consolidating device, IoT and vulnerability data into a single view, and a dedicated NHS Cyber Alert dashboard for responding to NHS Digital Data Security Centre notifications [6].

Go-to-market

Cylera sells directly and through a channel-led model, with alliances with IT, security and healthcare technology vendors and a global network of regional and national system integrators and managed service providers [2]. Reported channel partners include Illumio, Extreme Networks and Cisco, and an exclusive partnership with Omantel opened the Oman market in early 2023; the channel partner network was reported to have increased sixfold over an 18-month period [6]. The website markets demos, product tours, solution briefs, case studies, webinars and a newsletter as demand-generation vehicles [0][1][3].

Healthcare delivery organizations: healthcare networks, large health systems and regional hospitals across academic, government and private providers, including NHS Trusts in England and Wales [0][2][6].

Geography

Headquartered in New York with development in the United States and regional offices across the US and UK [2]. Reported offices in Madrid, Spain and Cheltenham, UK, with customers and market activity in the UK, North America, Asia Pacific, the Nordics and the Middle East, including Oman [6].

History

Founded in 2017 in New York, Cylera raised a $10 million Series A led by Concord Health Partners and Maverick Ventures announced in 2021, bringing total reported funding to $17 million at that time [4]. The company expanded internationally, entering the UK market around 2022 and Oman in early 2023 via a partnership with Omantel, and opened offices in Madrid and Cheltenham [6]. In 2023 it launched a redesigned Command Platform user interface and formed a 12-member customer advisory council of CISOs, CIOs and CTOs from US and UK healthcare providers [6].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Client renewal rateSep 2023100%
Global team growth (prior 12 months)Sep 202330%
HeadcountAug 202638
Hospitals served worldwideSep 2023125 hospitals
NHS Trusts deployedSep 202325 trusts
Total funding raised to dateApr 2021$17M
Total raised across Seed and Series A in 2021Sep 2023$22M
Year-on-year global revenue growth since 2021Sep 2023300%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 10

by search overlap
Ordr42 shared keywordsOrdr provides a device intelligence and network security platform that identifies and protects connected assets across cloud, on-premises, and SaaS environments. The platform helps organizations discover, monitor, and enforce security policies on all networked devices to reduce risk and improve security posture.
Sepio35 shared keywordsPlatform using physical-layer fingerprinting and machine learning plus threat intelligence for hardware infrastructure visibility and enforcement.
Telit34 shared keywordsTelit designs and manufactures telecommunications terminal equipment and M2M (machine-to-machine) modules for industrial and IoT applications. The company serves customers globally and operates under strict quality, environmental, and security compliance standards.
Asimily33 shared keywordsAsimily provides an exposure management platform that inventories, prioritizes, and mitigates cybersecurity risk across IoMT, IoT, IT, and OT devices. It offers device visibility, MITRE ATT&CK-based vulnerability analysis, network segmentation orchestration, patching, and threat detection to help organizations meet compliance requirements such as HIPAA, FDA, and NIST.
Sierrawireless30 shared keywordsSierra Wireless, now part of Semtech, develops wireless connectivity products including cellular modules and AirLink routers along with device-to-cloud services for IoT deployments. Its offerings serve businesses across sectors such as energy/smart grid, transportation fleets, home and business security, and public safety.
Appirio28 shared keywordsWipro is a global IT services and consulting company that provides applications, cloud, cybersecurity, data and analytics, engineering, and business process services across industries such as banking, healthcare, manufacturing, and retail. This page is the company's investor relations section, covering quarterly results, annual reports, shareholder services, and governance disclosures.
Cavli Wireless28 shared keywordsCavli provides a connectivity management platform for industrial IoT applications, offering technical documentation and consulting services to support organizations adopting IoT solutions.
ArrowPoint27 shared keywordsCisco provides networking, data center, and security technology for enterprises, including infrastructure to run traditional and AI workloads and tools to keep organizations running against cyberattacks and outages. Its platform connects networking devices and monitors security events across corporate networks.
Hologram26 shared keywordsHologram provides global IoT connectivity solutions that simplify device management and reduce costs for businesses deploying internet-connected devices across multiple countries. The platform offers real-time monitoring, carrier failover, and unified dashboard management across 190+ countries.
BioT26 shared keywordsBioT provides cloud infrastructure for medical device companies to enable direct patient engagement and remote care delivery. The platform powers over 100,000 devices for leading medical device manufacturers globally.

Companies competing with Cylera for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 8

launches, deals, and filings
Sep 2023
Timur Ozekcin named to Healthcare Innovation 40 Under 40

Cylera co-founder and CEO Timur Ozekcin was named a winner in the inaugural Healthcare Innovation 40 Under 40 awards program.

source ↗

Jan 2023
Industry recognitions for Cylera's healthcare IoT platform

Cylera is listed as an American Hospital Association Preferred Cybersecurity Service Provider and cites the Quadrant Knowledge Solutions 2023 Connected Medical Device Security Solution market leader designation, a 2023 Cyber Security Excellence Award for Best Healthcare IoT Solution, and Fortress Security Awards recognition.

source ↗

Jan 2023
Offices in Madrid and Cheltenham

Alongside its New York headquarters, Cylera reported offices in Madrid, Spain and Cheltenham, UK, with market activity across the UK, North America, Asia Pacific, the Nordics and the Middle East.

source ↗

Jan 2023
Exclusive partnership with Omantel

Cylera signed an exclusive partnership with Omantel, Oman's first and largest integrated telecommunications service provider, bringing the company to Oman for the first time.

source ↗

Jan 2023
Launch of new Command Platform user interface

Cylera launched a redesigned Command Platform UI providing a single view for managing medical devices, connected IoT and vulnerabilities.

source ↗

Jan 2022
UK Healthcare Cyber Security Company of the Year

Cylera was named 2022 UK Healthcare Cyber Security Company of the Year by the Global Healthcare & Pharma Private Healthcare Annual Awards and was recognized as a standout innovator in a 2022 IDC report on healthcare IoT security products.

source ↗

Jan 2022
NHS Cyber Alert dashboard

Cylera introduced a dedicated NHS Cyber Alert dashboard to help NHS Trusts respond to cyber threat notifications from NHS Digital's Data Security Centre and streamline response coordination and workflows.

source ↗

Apr 2021
Cylera raises $10 million Series A led by Concord Health Partners and Maverick Ventures

Cylera secured $10 million in Series A funding to expand into new global markets through channel partners, extend the technology into new verticals, and double headcount across R&D, channel support, customer success, sales and marketing over six months.

$10M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Cylera do?
Cylera sells an agentless IoT and connected medical device asset intelligence and cybersecurity platform to healthcare providers.
Who founded Cylera?
Cylera was founded by Timur Ozekcin, Sean Abraham in 2017.
Who are Cylera's investors?
Cylera's investors include Contour Venture Partners, Dreamit Ventures, Epsilon Health Investors, Frontier Path VC, Great Oaks Venture Capital, Rho Capital Partners, Rho Ventures, Maverick Ventures.
How much funding has Cylera raised?
Cylera has disclosed $1.2M raised across 1 of its 2 known rounds.
Where is Cylera headquartered?
Cylera is headquartered in New York, US.